Ethereum Sinks 8% in Saturday Afternoon Dip

[Fawpac2]

The price of Ethereum has fallen by 8% in the past 24 hours, according to data from metrics site Nomics.
Ethereum’s price started to drop from 6 am UTC, when it sank, steadily but almost without reprieve, from $2,548 to its current price of $2,374. Ethereum’s market cap is now $274 billion.
Bitcoin, the largest cryptocurrency with a market cap of $647 billion, has fallen by 6.8% in the past 24 hours to $34,500. Binance Coin has fallen by 7.18% to $318, and Cardano by 10% to $1.4.
In fact, most of the top coins have fallen, and today’s mid-afternoon dip has seared 4.85% off of crypto’s global market capitalization, which now sits at $1.59 trillion.
The dip even erased some of the startling gains made by privacy coins Monero and ZCash this morning. Just a few hours ago, they recorded daily gains of close to 30%. The dip has trimmed that to 7.82% for Monero and 2.94% for ZCash. Source